Manulife's second quarter EPS beats estimates, driven by strong 15% growth in Asia insurance sales.

Manulife Financial reported mixed second quarter 2026 results, with earnings per share exceeding analyst expectations while revenue came in slightly below consensus. The performance was largely driven by continued strength in its high-growth Asia segment, which offset headwinds from market volatility.

Key Highlights

• Core Earnings: Core earnings per share rose 11% year-over-year to $0.84, benefiting from growth in new business and favorable policyholder experience.
• Asia APE Sales: Demonstrating robust demand, Asia Annualized Premium Equivalent (APE) sales grew 15% to $1.85 billion, surpassing investor expectations and highlighting strong performance in Hong Kong and Southeast Asia.
• Global WAM: The Global Wealth and Asset Management (WAM) business attracted positive net inflows of $2.5 billion, contributing to higher fee-based earnings.